Business · Companies · 3 hrs ago
Gentera profits rise 8.6% as loan growth lifts results
Mexican lender Gentera reported higher profits for the third quarter of 2026, covering July through September.
Profits rose 8.6%, beating analysts’ expectations by 3.4%, and marked the company’s ninth straight quarter above forecasts.
Its loan portfolio grew 8.5%, helping lift financial income.
But delinquency reached 4.57%, prompting Gentera to set aside more money for potential loan losses and slowing profit growth.
Gentera’s chief executive said more customers are taking individual loans, which tend to have higher delinquency than group loans.
He expects delinquency to be slightly higher in 2027, with a possible recovery beginning in 2028.
Gentera’s profits rose 8.6% in the third quarter of 2026, beating analysts’ expectations by 3.4%.
The Mexican financial company’s loan portfolio grew 8.5% by the end of September.
Higher lending and lower interest expenses helped push its financial margin higher.
Rising administrative and promotional costs and a 31.7% increase in credit-risk provisions slowed operating and net results.
Delinquency reached 4.57%, which Gentera’s chief executive partly attributed to a shift toward individual loans.
- Who
- Gentera, a financial company focused on small businesses and entrepreneurs.
- What
- Its profits rose 8.6%, exceeding analysts’ expectations by 3.4%.
- When
- The third quarter of 2026, covering July to September.
- Where
- Not stated.
- Why
- Continued loan growth and lower interest expenses supported results. Higher costs and credit-risk provisions slowed growth.
This story does not have two clearly opposing sides.
Gentera recorded an 8.6% increase in profits for the third quarter.
Gentera’s loan portfolio was up 8.5%, while delinquency stood at 4.57%.
Gentera’s chief executive said delinquency could be slightly higher than in the current year.
Majós expected delinquency to begin to improve.
- Profit growth
- 8.6%
- Analysts’ forecast
- Gentera’s profits exceeded expectations by 3.4%
- Loan portfolio growth
- 8.5% by the end of September
- Delinquency rate
- 4.57%
- Credit-risk provisions
- Up 31.7%
What people are saying
We concluded the third quarter of 2026 with solid results, which reflect the resilience of our business model, the discipline with which we execute our strategy, as well as our clear commitment to continuing to generate Total Value for clients, employees, investors and communities
What has happened is that part of the increase in our delinquency is due to a change in the product mix